Taube Hodson Stonex Partners Llp Lowers stake in Ubiquiti Networks Inc (UBNT)

Ubiquiti Networks Inc (UBNT) : Taube Hodson Stonex Partners Llp reduced its stake in Ubiquiti Networks Inc by 17.28% during the most recent quarter end. The investment management company now holds a total of 669,933 shares of Ubiquiti Networks Inc which is valued at $22,784,421 after selling 139,900 shares in Ubiquiti Networks Inc , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Ubiquiti Networks Inc makes up approximately 4.27% of Taube Hodson Stonex Partners Llp’s portfolio.

Ubiquiti Networks Inc opened for trading at $33.43 and hit $34.01 on the upside on Friday, eventually ending the session at $34.01, with a gain of 1.73% or 0.58 points. The heightened volatility saw the trading volume jump to 2,42,143 shares. Company has a market cap of $2,821 M.

Other Hedge Funds, Including , New York State Teachers Retirement System sold out all of its stake in UBNT during the most recent quarter. The investment firm sold 2,700 shares of UBNT which is valued $91,827. Crestpoint Capital Management sold out all of its stake in UBNT during the most recent quarter. The investment firm sold 13,600 shares of UBNT which is valued $448,120. Simplex Trading added UBNT to its portfolio by purchasing 2,086 company shares during the most recent quarter which is valued at $68,734. Ubiquiti Networks Inc makes up approx 0.01% of Simplex Trading’s portfolio.Carnegie Capital Asset Management boosted its stake in UBNT in the latest quarter, The investment management firm added 69,850 additional shares and now holds a total of 94,965 shares of Ubiquiti Networks Inc which is valued at $3,129,097. Ubiquiti Networks Inc makes up approx 0.47% of Carnegie Capital Asset Management’s portfolio.

On the company’s financial health, Ubiquiti Networks Inc reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.51. The company had revenue of $161.90 million for the quarter, compared to analysts expectations of $155.30 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Ubiquiti Networks Inc. Ubiquiti Networks Inc was Upgraded by Raymond James to ” Mkt Perform” on Feb 5, 2016. Company shares were Upgraded by Wunderlich on Feb 5, 2016 to ” Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $31 .

Ubiquiti Networks Inc. develops high performance networking technology for service providers and enterprises. The Company’s technology platforms for service providers enable carrier-class network infrastructure for fixed wireless broadband wireless backhaul systems and routing. The Company’s technology platforms for enterprises enable wireless local area network (WLAN) infrastructure video surveillance products and machine-to-machine communications. The Company offers products and solutions based on its proprietary technology with disruptive price-performance characteristics across multiple markets.

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